Posted on 03/09/2020 6:42:43 AM PDT by rstrahan
Ok, watching the news, etc. second circuit breaker hit at a 7+% drop in the DOW. Trading halted. Oil collapsed 30% overnight. There is a potential of a major collapse today. Fed is increasing money into the economy this am. If you are still in stocks, be very careful. Now, there is a worry that the next breaker at 13% drop in the DOW could be hit.
All of this over coronavirus.
Now a bit of good news, Texas firm says they have a vaccine, but still has to get through FDA testing.
Just hang on, it’s gonna be a rough week.
I swear the Dems are having a party in a dark cave somewhere celebrating the demise of civilization due to a virus.
I can only conclude that the Market no longer has confidence in the future.
I picked a terrible time to double my 401K contributions (last month).
Au contraire. If your investment time frame is anything over five or so years, you probably made a great decision.
Oh! SO YOU are the cause of all this!
Does it rain right after you wash your car too? ;)
Yep, I’m bargain hunting right now.
I figure in ten years this will all be a distant memory.
Every small biotech firm is going to try to claim they have a vaccine right now, and maybe they do. Except that it will kill 50% of the people injected with it. A tremendous amount of testing is required to make sure the cure isn’t worse than the disease. There is still no truly effective SARS vaccine, 17 years after the 2003 outbreak.
I keep hearing about test kits.The reality is the reaction to the virus is worse than the virus. Test kits do not help anyone. They do not stop the virus. They just give larger numbers to the media. You can’t stop this virus. You can only try to stop the panic.
People need to look at a few important facts. Iceland has 58 cases. The Maldives in the middle of the Indian ocean has 4 cases. Perth a city all alone on the other side of the Australian desert has 4 cases. Hawaii has 2 cases. Martinique has two cases. Nigeria has two cases. There is no corner of the world that has been spared from the virus.
So test kits only give us larger numbers. They don’t help us stop this. We cannot stop this. We can only let it flow over us.
Lets remember tests don’t tell you about a person having the virus. It tells you whether you have the virus now. Lets say you are on a cruise ship. You test negative. 3 days later you come to a port. Was that test valid? Or do you need a new test? Tests can be important. But they solve very little.
The press is problematic. They are still trying to stop the virus. They are trying to cause panic. They want to complain. Jim Cramer is going nuts right now. He wants to stop the world so he can stop the virus. All it will help is to stop the economy. The virus will keep going across the world.
Don’t try to catch any falling knives, my FRiend.
Nah, this was coming. The market was just looking for an excuse.
In my old job this would have been the bonus pay period. I ALL went into the retirement account. The overall return at 70 would be great.
If you are 65, you might want to reconsider a little....
What? I wish I had lots of money to buy up stock now. Think about it, a few short weeks ago the marketing was nearly 30,000 and historically whenever it has dropped, it will recover and then some. If I had money now, I’d buy whatever has dropped the most, especially if it is not tied to Chinese manufacturing. It will recover.
Nah, I’ve got a few years yet.
People think of Bio-Warfare being a WMD resulting in many fatalities. What if I devise a bio weapon to be a Weapon of Mass Economic Destruction (WMED). Disrupt supply chains, cause panic, dis-trust of Govts, over whelm health care etc. Just saying, hmmm
I have a feeling that tomorrow, it will go up at least a 1,000 points, the bargain hunters are just waiting it out.
Gambling can be stressful.
Stabilizing around -7%.
I’m guessing it rises to -3% by day end. Stocks are just too cheap.
This will be a V dip. By summer we will be back. Take a couple of days off. You have already lost most of what you were going to lose.
China based stocks will take a little linger because of the shipping delays.
At least some analysts view the oil price was as a much bigger issue than the Wuhan virus.
Oil in the $20s is going to shut down drilling in Texas, and will probably lead to some significant layoffs here. That will have some impact on unemployment numbers.
“...What if I devise a bio weapon to be a Weapon of Mass Economic Destruction (WMED). Disrupt supply chains, cause panic, dis-trust of Govts, over whelm health care etc. Just saying, hmmm....”
This is what happens when the DS bad guys are never prosecuted for years on end. They’re literally allowed to get away with murder, and instead, create a two-tier justice system within the country. THEY run the country via of a shadow govt. instead of our elected govt. THEY belong in cells, or better yet; coffins, NOT running/destroying the country subversively.
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